Strategic Alliance Formed to Speed Up Adoption of Blockchain Technology in China

The Chinese government has created a blockchain working group of government and blockchain industries to fast-forward the development and adoption of blockchain technology and prepare for the upcoming Global Blockchain Summit in Shanghai this September.

In an official press release, Ministry of Industry and Information Technology Software Services Division Director Xie Shaofeng speaks for the government, saying that the world is in a new “technological revolution” and blockchain technology and “its application has universal significance in promoting economic and social development.” He calls on all players in government and industry to “pool the wisdom of collaborative innovation.”

The working group will identify significant trends both in China and abroad, decide which key technologies and applications should be developed, identify cyber-security concerns and look at possible government regulations and standard-setting for the blockchain industry.

In an effort to organize research on the “developing trend of blockchain technology and its application,” the Department of Information and Software Service, an agency of the Ministry of Industry and Information Technology, has issued a letter delegating the task to the China Electronics Standardization Institute, an agency of the Ministry of Industry and Information Technology.

“The Ministry of Industry and Information Technology is the government authority for developing standards and rules of China industry and information fields. Joining it enables enterprises to engage in blockchain standardization in the early days. In particular, Wanxiang Group as the Vice-Director Unit will have an important propelling and coordinating role. And as a conglomerate, it can promote blockchain in financial sectors and non-financial sectors through its experience and advantages in auto parts and whole vehicle.”

Post navigation

Trading Prices

Kibo Lottery

Alex Tapscott: “Blockchain Revolution” | Talks at Google

Ethereum Explained – Video

Blockchain Explained – Video

Blockchain explained on BBC – Video

Reading List

“What a spectacular book. Mind-blowing in its expansiveness and profundity. It makes me think we’re at one of those times in technological, economic, and social history where the sky is the limit.”
—Steve Wozniak, cofounder, Apple Computer and chief scientist, Prime Data

“The blockchain is one of the most fundamental inventions in the history of computer science. Read Blockchain Revolution to understand its profound implications.”
—Marc Andreessen, cofounder, Netscape and Andreessen Horowitz

“Everywhere thoughtful people are trying to understand this revolutionary technology and how it might change the world. Team Tapscott has stepped up and written the book we’ve been waiting for.”
—Dan Schulman, CEO, Paypal

Join us

We are looking for great and talented writers to join our team. Whether you are an experienced journalist or editor who is looking to publish specific articles around Blockchain and Ethereum, a freelance tech journalist or you are still studying and looking to write with us on a permanent basis at the side of your day to day life, as long as you are passionate about Ethereum and Blockchain technology and have a talent for writing, we`d love to speak with you. Please reach out to us via below email form (subject: “Editor_your name”) and we are getting back to you asap to discuss.